Global Headlines | The three major U.S. stock indices fluctuate, with an 88.4% probability that the Federal Reserve will keep interest rates unchanged

【U.S. Stock Indices】

On January 7th, Eastern Time (Wednesday), the three major U.S. stock indices fluctuated. The S&P 500 fell 0.34% to 6,920.93; the Dow Jones Industrial Average declined 0.94% to 48,996.08; the Nasdaq rose 0.16% to 23,584.27.

【U.S. Bonds】

On January 7th, the benchmark 10-year U.S. Treasury yield was 4.15%, and the 2-year Treasury yield, which is most sensitive to Federal Reserve policy rates, was 3.47%.

【Popular U.S. Stocks】

Among popular U.S. stocks, Nvidia rose 1.03%, Google C increased 2.52%, Google A increased 2.45%, Apple fell 0.77%, Microsoft rose 1.07%, Amazon increased 0.29%, TSMC fell 2.65%, Meta declined 1.81%, Tesla fell 0.36%, Power Semiconductor dropped 2.02%, and Intel rose 6.47%.

【Global Indices】

【China Indices】

On January 7th, overnight Hang Seng Tech Index futures fell 1.37%, Nasdaq China Golden Dragon Index declined 1.58%, and FTSE China A50 Index dropped 0.55%.

【Chinese Concept Stocks】

Among popular Chinese concept stocks, Tencent Holdings (Hong Kong stocks) fell 1.26%, Alibaba dropped 2.70%, Pinduoduo declined 1.36%, NetEase fell 3.11%, Baidu rose 0.27%, Ctrip increased 0.08%, Xpeng Motors fell 1.09%, Li Auto declined 0.35%, and NIO rose 0.11%.

【Forex and Commodities】

【Global News】

The probability of the Federal Reserve holding interest rates steady in January is 88.4%

According to CME “FedWatch”: the probability of the Fed cutting rates by 25 basis points in January is 11.6%, and the probability of holding rates steady is 88.4%. The chance of a total 25 basis point cut by March is 40.3%, with a 55.4% chance of no change, and a 4.3% chance of a total 50 basis point cut.

Polymarket: Designated as the exclusive prediction market partner for The Wall Street Journal and Dow Jones

Polymarket: designated as the exclusive prediction market partner for The Wall Street Journal and Dow Jones. (Sina Finance)

Critical Metals once rose 15%

Critical Metals surged 15%, reaching its highest level since October last year. Previously, U.S. President Trump considered acquiring Greenland.

2026 Brain-Computer Interface Developer Conference scheduled for February 3 in Tianjin

The Brain-Computer Interface Industry Alliance, Brain-Machine Interaction and Human-Machine Coalescence He River Laboratory, and Tianjin University plan to hold the “2026 Brain-Computer Interface Developer Conference” from February 3 to 4, 2026, in Tianjin. (Shanghai Securities News)

“Small Non-Farm Payrolls” below expectations

U.S. December ADP employment increased by 41,000, below the market median expectation of 47,000.

Putian (002324): The company’s LCP film products are suitable as flexible electrode materials for brain-computer interfaces

Putian recently stated during institutional research that its LCP film products, due to their extremely low water absorption, excellent high-frequency transmission performance, and good biocompatibility, are suitable as flexible electrode materials for brain-computer interfaces. As the brain-computer interface industry matures and commercializes, the company is optimistic about the future application market of LCP film products in immersive and non-immersive brain-computer interfaces. The LCP film technology barrier is very high; only three companies worldwide have the capacity for large-scale production. Putian is the only domestic company to have achieved this technological breakthrough. Currently, the company has jointly developed and validated applications of its LCP film in the brain-computer interface field with overseas clients, and clinical trials are progressing smoothly. Domestic industry clients are also actively engaging.

Nanjing Panda (600775): The company currently has no mature products related to brain-computer interfaces and has not generated related sales revenue

Nanjing Panda’s stock trading abnormality announcement states that the company has noted recent widespread market attention on brain-computer interface concepts. The company’s main business focuses on smart transportation and safe cities, industrial internet and intelligent manufacturing, and green service-oriented electronics manufacturing. There have been no changes so far. The company currently has no mature products related to brain-computer interfaces and has not generated related sales revenue. The relevant concepts will not have a substantial impact on the company’s current operations.

Traders reduce bets on ECB monetary policy, expecting the first rate hike possibly in March 2027

Traders are reducing bets on the European Central Bank’s monetary policy, expecting the first rate hike possibly in March 2027.

Elon Musk says the next-generation Roadster represents the “best achievement” of human driving cars

Elon Musk recently gave an honest and exciting preview during an interview with Peter Diamandis, founder of Singularity University, and investor Dave Brenden at Tesla’s Gigafactory in Texas. For enthusiasts of the next-generation Tesla Roadster, Musk described the upcoming release as a “cool demonstration,” representing the “best achievement” of human driving cars. However, he said if safety is your top priority, then this car might not be suitable for you. (Sina Finance)

Ming-Chi Kuo: Nvidia VR200 NVL72 will all use microchannel cold plates, with coolant flow possibly increasing by 100%

Renowned analyst Ming-Chi Kuo stated that Nvidia’s VR200 NVL72 and Max P GPU cooling upgrades will all use microchannel cold plates (MCCP) with gold-plated lids, while the highly anticipated microchannel cover (MCL) will likely not be mass-produced until the second half of 2027. Kuo pointed out that the cooling design of VR200 NVL72 will rely more on liquid cooling, with coolant flow in the chassis nearly doubling compared to GB300 NVL72, which is beneficial for upgrades in CDU, manifold, water cooling plates, and QD specifications or quantities.